Climate Change and Green Growth DPF

closed

The development objective of the Climate Change and Green Growth Development Policy Financing (DPF) for Vietnam is to promote: (a) climate resilient management of landscapes; and (b) adoption of cleaner transport and energy systems. This is a one-tranche operation, closely linked to a 2016 operation that was designed to be the first in a 3-operation DPF series. These operations support the government’s support program to respond to climate change (SP-RCC) 2016-2020, which provides policy reforms for effective implementation of climate change and green growth actions prioritized in the 2016-2020 socio-economic development plan (SEDP), national climate change strategy (NCCS) and Vietnam green growth strategy (VGGS), and nationally determined contribution (NDC). The originally conceived 3-operation World Bank DPF series focused on mainstreaming climate within general planning and budgeting processes, as well as tackling specific climate impacts and issues in key sectors. Although unable to proceed as planned, the first operation played a critical role in shaping the form and content of the policy program, and delivered results upon which the new DPF builds, whilst also strategically strengthening the foundations and providing a bridge to a new, post-2020 phase of climate action.